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UK High Court Approves $288 Million Compensation for 300,000 Investors in Collapsed High Profile Fund Manager Neil Woodford Investment Fund Woodford Equity Income Fund, Managed More than $12 Billion AUM But Fund Suspended in 2019, Invested in Illiquid Assets & Unable to Meet Redemption Requests after Months of Underperformance
15th February 2024 | Hong Kong
A United Kingdom (UK) High Court has approved a $288 million (£230 million) compensation to around 300,000 investors in collapsed high profile UK fund manager Neil Woodford investment fund Woodford Equity Income Fund. At the peak of the fund, Woodford Equity Income Fund managed more than $12 billion in AUM (£10 billion). The fund was suspended in 2019, which had invested in illiquid assets, and was unable to meet redemption requests after months of underperformance.
“ UK High Court Approves $288 Million Compensation for 300,000 Investors in Collapsed High Profile Fund Manager Neil Woodford Investment Fund Woodford Equity Income Fund, Managed More than $12 Billion AUM But Fund Suspended in 2019, Invested in Illiquid Assets & Unable to Meet Redemption Requests after Months of Underperformance “
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UK High Court Approves $288 Million Compensation for 300,000 Investors in Collapsed High Profile Fund Manager Neil Woodford Investment Fund Woodford Equity Income Fund
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